Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Down 28.7% in February

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 23,800 shares, a drop of 28.7% from the February 13th total of 33,400 shares. Based on an average trading volume of 131,900 shares, the days-to-cover ratio is currently 0.2 days.

Insiders Place Their Bets

In other news, insider Keith Quinton purchased 8,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of $24.24 per share, with a total value of $193,920.00. Following the transaction, the insider now owns 8,000 shares in the company, valued at $193,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EVT. Parvin Asset Management LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter valued at $57,000. Larson Financial Group LLC raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 3,000 shares of the closed-end fund’s stock valued at $74,000 after buying an additional 2,100 shares during the period. Private Trust Co. NA raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 102.2% in the 3rd quarter. Private Trust Co. NA now owns 4,038 shares of the closed-end fund’s stock valued at $100,000 after buying an additional 2,041 shares during the period. Allworth Financial LP lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 472.3% in the fourth quarter. Allworth Financial LP now owns 5,763 shares of the closed-end fund’s stock valued at $142,000 after buying an additional 4,756 shares during the last quarter. Finally, NorthStar Asset Management LLC NJ boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 4.7% during the fourth quarter. NorthStar Asset Management LLC NJ now owns 9,662 shares of the closed-end fund’s stock worth $232,000 after buying an additional 436 shares during the period.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

EVT stock traded down $0.04 during trading on Tuesday, reaching $23.26. 96,959 shares of the stock were exchanged, compared to its average volume of 115,833. The business has a 50 day moving average price of $24.05 and a 200-day moving average price of $24.38. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $22.29 and a 1 year high of $25.83.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.1646 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date is Friday, March 14th.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment.